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Based on GHS' history with SHMP...I would say YES.
It gets even crazier with SHMP. Do a little digging into the terms of SHMP's Series A shares, including their 60:1 voting rights that the CEO gets to exercise exclusively. Keep in mind that 90%? 95% of the OS is in the Street and that none of the insiders are 5% owners. Yet Easterling granted himself control of the Series A shares and their 60:1 voting rights to the effect that he controls a majority of the voting stock. A dwindling majority, I should add.
See Shover v. NaturalShrimp to see what kind of crazy "settlement" SHMP appears to have concocted to get out from under the clear obligation to convert the Series A shares into as a many common shares as are outstanding at the time of conversion, i.e., double the number of common shares.
Sounds like SHMP and Fife are exactly what Ms. Hamilton is aiming at in her article. The former NSH shareholders should take note if any of them are thinking of pursuing their own legal action. Her address is at the bottom of the article.
Well, he's currently being sued by the SEC for the second time. He's also been disciplined by FINRA:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165718069
Is Streeterville Capital, John M Fife, President, a good one or bad one ? SHMP just added another $15,000,000 in loans/stock (surprise)
My bad, I meant investors don’t know. You’re absolutely right, the ownership knows exactly what they’re doing. Issues only have two options tho, sell the note or stop operating....so the sell the note.
On the contrary, these people know exactly what they’re doing. They get to pay themselves an exorbitant salary for tossing out fluffy PR’s to help the lenders make their bank. Wouldn’t be surprised if there was also a kickback from the lenders.
PHIL is selling convertible notes to Power Up Lending group while at the same time claiming to do a buyback..Seems like obvious securities fraud. PHIL owners have no idea they’re making these lenders rich.
Insane! Have any of these issuers restructured their company after a death spiral?
Brett Rosen is whining he's not being treated fairly over at OPTI.
Den of fraud that one is...
.
I suspect so. They are selling a big chunk of DKMR and buying DPLS both of which have ties to a convicted stock promoter - who isn't supposed to be promoting any more.
Toxic Convertible Note Lenders Not Just For the SEC Anymore
https://www.securitieslawyer101.com/2021/toxic-lenders-are-faced-with-new-challenges/
What about Canaccord Genuity? The Very Good Food Company has recently used Canaccord (from my understanding) and since then, the stock has only gone down.
UBQU CEO James Ballas gave GPL Ventures (Alex Dillon) 12 BILLION shares (60 percent of the current O/S, yet GPL never filed Form 13 with the SEC).
8 of those 12 BILLION shares were issued March to May 2021 in return for a $300,000 loan. If Dillon converted those 12 billion shares, the least he could have got was $1.6 million. In realty, it was 5x to 10x more as the share price was trading between 0.0005 and 0.001 during the 2nd quarter (UBQU FY ends 11/30).
its all in the 2nd quarterly report
https://www.otcmarkets.com/otcapi/company/financial-report/304785/content
I am sure the CEO, James Ballas, is in cahoots with Dillon and got a percentage of the proceeds from the sale of 12 BILLION shares. The O/S skyrocketed from 11 billion to 19 billion in 2nd and 3rd quarter, yet none of the conversion of shares went towards debt payment.
I don't think the SEC enforcement action against GPL (including the freezing of GPL assets) impacts UBQU in anyway. But it would be nice if UBQU somehow gets those 12 billion shares back and/or all GPL dept is wiped from the UBQU books (approx $680K is still outstanding to GPL)
2021 - Convertible Debt
02/03/21 800,000,000 GPL Ventures LLC Alexander Dillon
02/12/21 1,000,000,000 GPL Ventures LLC Alexander Dillon
03/01/21 1,000,000,000 GPL Ventures LLC Alexander Dillon
03/16/21 216,859,846 GPL Ventures LLC Alexander Dillon
03/25/21 1,000,000,000 GPL Ventures LLC Alexander Dillon
04/19/21 1,300,000,000 GPL Ventures LLC Alexander Dillon
05/03/21 1,300,000,000 GPL Ventures LLC Alexander Dillon
05/19/21 1,600,000,000 GPL Ventures LLC Alexander Dillon
2019
02/06/19 480,000,000 GPL Ventures LLC Alexander Dillon
02/13/19 580,000,000 GPL Ventures LLC Alexander Dillon
02/20/19 336,568,200 GPL Ventures LLC Alexander Dillon
02/25/19 670,000,000 GPL Ventures LLC Alexander Dillon
03/06/19 740,000,000 GPL Ventures LLC Alexander Dillon
03/12/19 800,000,000 GPL Ventures LLC Alexander Dillon
03/22/19 287,095,800 GPL Ventures LLC Alexander Dillon
Do you know if these two companies are considered toxic lenders
White Lion Capital LLC
GHS Investments LLC
Both in new investment with AITX which had huge toxic debt.
Wow just landed here. This sounds like a dilution machine. I would say they sold shares for cash to make the acquisitions - which happens a lot. Insiders have to account for their shares. So how long before this dilution is over depends on how many shares they have to sell. From previous experience the SP won’t advance until the dilution stops. Then the RS talk starts so to regain the structure.
But who knows - they could hit a HR and move this along. The scalping is a whole different animal.
Just MHO.
So looks like the bigger name of the lenders are chosen and very recent as of last year. I just found this board today. How long do you reckon sec investigation would take? I also think we are favored to win these cases. My company I am currently invested in is getting shafted by John fife and denied renegotiations.
TRITON FUNDS LP and White Lion Capital, LLC (Jeff Colombo is the CEO of White Lion)818.217.1706, team@whitelioncapital.com
The SEC just successfully prosecuted a fund just like TRITON FUNDS LP and White Lion Capital, call Murchison finding their equity line was illegal as they were not registered as brokers. See https://www.sec.gov/litigation/admin/2021/34-92684.pdf
TRITON FUNDS LP is incentivized to sell at the lowest price
Triton Funds conversion formula on their illegal equity line agreement is 90% of the lowest price of the Common Stock ten Business Days prior to the Closing.
But Triton is tricky, they define closing as:
“Closing” shall mean a date that is no later than five (5) Business Days after the Purchase Notice Date. This means Triton receives and can sell the stock and during these 5 days and they are incentivized to sell hard to get the price low so they can get a 10% discount off of the lowest price so they can buy the stock at a larger overall discount. This is also illegal price manipulation.
The equity line agreement says TRITON FUNDS LP is acting as an underwriter, but they are not registered as a broker or underwriter, so the way they are acting is illegal.
TRITON FUNDS LP is provides toxic equity line of credit provider which are illegal as they are not registered but are acting as an underwriter. This is the same illegal activity that SEC prosecuted Murchison for. Jeff Colombo at White Lion Capital, LLC spun out out of Triton Funds LP and he engages in the same illegal activity.
TRITON FUNDS LP is incentivized to sell at the lowest price
Triton Funds conversion formula on their illegal equity line agreement is 90% of the lowest price of the Common Stock ten Business Days prior to the Closing.
But Triton is tricky, they define closing as:
“Closing” shall mean a date that is no later than five (5) Business Days after the Purchase Notice Date. This means Triton receives and can sell the stock and during these 5 days and they are incentivized to sell hard to get the price low so they can get a 10% discount off of the lowest price so they can buy the stock at a larger overall discount. This is also illegal price manipulation.
The equity line agreement says TRITON FUNDS LP is acting as an underwriter, but they are not registered as a broker or underwriter, so the way they are acting is illegal.
The SEC just successfully prosecuted a fund just like TRITON FUNDS LP call Murchison finding their equity line was illegal as they were not registered as brokers.
See https://www.sec.gov/litigation/admin/2021/34-92684.pdf
A Tale of Two Toxic Convertible Note Lenders – Toxic Financings Receive SEC Scrutiny
https://www.securitieslawyer101.com/2021/sec-toxic-convertible-note-lenders/
SEC nails GPL Ventures LLC (Alexander Dillon + Cosmin Panait) for acting as unregistered brokers and participating in a stock scalping scheme using Seaside Advisors LLC (Larry Adams) and a group of stock promoters to help unload their shares.
https://www.securitieslawyer101.com/2021/sec-charges-toxic-lender-and-consulting-company-in-stock-scalping-scheme/
Some of the relevant tickers include:
HempAmericana Inc (HMPQ)
GD Entertainment & Technology Inc (GDET)
Image Protect Inc (IMTL)
GenTech Holdings Inc (GTEH)
American Energy Partners Inc (AEPT)
Odyssey Group Inc (ODYY)
Lmao
Yea, traditional convertible loans at well above market price
However, as a contingency for those loans, the company arranges for RBC to acquire aged debt which the company allows to be converted into free trading shares at massive discounts to market
This process provides windfall profits and if the notes are ever repaid, thats just gravy
lol
The TRUTH: Brett Rosen has provided friendly, low-interest, Capitol to good companies.
He actually is a blessing to these companies helping them pay off debt and fund growth.
It was SIML (Simlatus), now BRBL (Brewbilt Brewing Company).
I'm stumped. Let me know if you remember.
No, it wasn't. It was another, from perhaps four years ago. Maybe longer.
That could be FBEC Worldwide. If I remember right, either Sand's nephew or son was the CEO for a short time.
Sand's 'Yorkshire Capital' was collecting huge consulting fees but was listed under his girlfriend's name.
Yes. More recently he was involved in a stock I followed. I'm busy with something else, so I won't go looking for the ticker right now. But if I correctly recall, he tried to hide the role he played.
Maybe someday the SEC will get round to doing something about him.
Yep, Ingen. He went to prison for attempting to manipulate the stock.
https://www.massdevice.com/ingen-ceo-put-behind-bars-penny-stock-fraud/
Unbelievably, Ingen still trades even though they've had zero filings since Jan. of 2016.
Hopefully, it will finally be delisted in the coming months.
Sand was also CEO of Medcentrex in the 1990's.
Medcentrex/Sand was sued in the Southern District of New York in 1997 and a judgement of over $1.2 million was ruled against them. Case #1:199703348
Medcentrex seems to have committed Medicare fraud.
https://www.hhs.gov/sites/default/files/static/dab/decisions/alj-decisions/2000/cr643.html
Sand is on an indefinite prohibition/restriction list by the Department of Health and Human Services from participation in all Federal health care programs.
https://sam.gov/content/home
Yes, there're also CEOs like the ones you describe. The toxic funders serve as ATMs for them. Their "loans" pay salary and whatever operating expenses there are.
Sands is notorious. He's served as a CEO himself in the past.
Very informative. Thanks.
Where I believe the Sand/Optempus stocks I'm following differ from many other toxic funded OTC junk is that unlike many companies, like those articles point out, that have naive management or tap these funders out of desperation, BBRW(formerly VTNL), BRBL(formerly SIML) and BNOW seem to have went public for the sole purpose of lining their own pockets at the shareholders expense.
For instance, SIML, VTNL, and BBRW all promoted fake share buybacks/dividends while dumping billions of shares on the market.
Within a little over a year of going public, BNOW has already issued 16 convertible notes to Optempus/C Group.
There's also the millions in preferred stock Optempus has extracted from shareholders in return for literally nothing.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=164323007
IMO, this isn't ignorant management. This is outright theft and breach of fiduciary duty by these "CEO's"
Some reading on SEC actions against toxic funders:
Is My Toxic Lender and Dilution Funder a Dealer? – SEC Toxic Financing Actions
https://www.securitieslawyer101.com/2020/when-dilution-funders-dilution-financing-securities-lawyers/
SEC Says Toxic Financings by Dilution Funder, John Fierro Make Him a Dealer Not a Trader
https://www.securitieslawyer101.com/2020/sec-says-dilution-funder-toxic-financing-john-fierro-is-a-dealer-not-a-trader/
SEC Says Ibrahaim Almagarby and Microcap Equity Group Are Unregistered Dealers
https://www.securitieslawyer101.com/2020/sec-says-ibrahaim-almagarby-microcap-equity-group-are-unregistered-dealers/
SEC Says Unregistered Dealer Almagarby’s Convertible Notes Are Toast
https://www.securitieslawyer101.com/2021/sec-says-unregistered-dealer-almagarbys-convertible-notes-must-be-cancelled/
SEC Says toxic funder John M. Fife is an Unregistered Dealer
https://www.securitieslawyer101.com/2020/sec-says-toxic-funder-john-m-fife-is-an-unregistered-dealer/
Is an issuer liable for using the same toxic funder over and over again and at the same time the funder is not registered as a broker/dealer?
VNDM market maker is back
seen on CBDL today
Additional RB Capital activity with PCTL (PCT Ltd)
Here PCT makes a PR in receipt of a conventional convertible note, convertible well above current market prices. No ratchet, no funny business.
Optempus Investments (Scott Sand, Anthony Super) has now begun issuing toxic debt under the name C Group.
Info from the IBOX (updated)
Toxic Funders are a common manipulative force in penny stocks trading. Hundreds of penny stocks are currently using toxic financing to fund operations and pay for insider expenses. These toxic instruments lead to massive amounts of dilution which is often accompanied by paid promotions (some with disclosed compensation and some without), social media pumps, and misleading/exaggerated/fraudulent press releases and public disclosures by the public Issuers.
The financiers target public Issuers that are rarely able to afford the funding and charge extremely high interest rates, processing fees, and penalties, but that’s the least of their clients’ problems. Upon conversion, the lenders enjoy a discount to market price that may be as high as 60 percent, and much higher in the event of default by the issuer. As the funder converts portions of the note and sells the resulting stock into the market in a series of tranches, the stock’s price plummets. That is why these kinds of instruments are called “death spiral convertibles.” Eventually, the dilution caused by the conversions may force the issuer to reverse split the company’s stock or even drive the company into bankruptcy.
Toxic funders have wreaked havoc with OTC companies for decades, but they’ve proved difficult for the SEC to rein in. In the past three years or so, however, the SEC has begun to pursue a new theory of these kinds of cases, invoking the funders’ failure to register as dealers. The SEC defines a dealer as “any person engaged in the business of buying and selling securities for his own account, through a broker or otherwise.” Individuals who buy and sell securities for themselves are usually considered to be “traders,” and are excepted from the dealer definition. What distinguishes a dealer from a trader is that the dealer “buys and sells as part of a regular business,” while a trader does not.
The bottom line is that toxic funders (i) don’t register as dealers, (ii) commit fraud by not making disclosures that they are not registered, (iii) wreak great harm on investors - (After all who buys the shares the funders dump?) and (iv) put thousands of businesses (including legitimate ones) out of business and/or force them into bankruptcy.
A handful of penny stock law firms have been involved in facilitating the sale of billions of shares of stock by the unregistered dealers, participating in both the preparation of the convertible notes and related agreements and arranging for other lawyers to provide legal opinions to facilitate the public sale of the shares.
This forum will be used to keep a list of some of the most active toxic funders, the attorneys they use (when the information is available), and any SEC action taken against the toxic funders. Unfortunately, because many of the most common toxic funders purchase Notes from over 100 Issuers and not all Issuers disclose the names of the lenders they use, it would be an impossible task to track all the Issuers involved.
The Funders:
Adar Bay LLC / Adar Alef LLC - Aryeh Goldstein and Samuel Eisenberg - related entity: GEL Properties LLC
Alpha Capital Anstalt - Konrad Ackerman
Armada Investment Fund LLC / Armada Capital Partners LLC / Emunah Funding LLC - Gabriel Berkowitz aka Charles Gabriel Berkowitz and Andrew Avitan
Auctus Fund LLC - Alfred Sollami and Lou Posner
Bellridge Capital LP - Robert Klimov
BHP Capital NY Inc - Bryan Pantofel
Black Ice Advisors LLC - Brent Fouch
Blue Citi LLC - Robert Malin and Linda Malin
Bridgeview Capital Partners LLC - Michael Dobbs
Cavalry Fund I LP - Thomas Walsh
CareBourn Capital LP - Chip Rice and Logan Rice - related entities: CareBourn Partners LLC, Booski Consulting LLC, BlackOaks Capital LP
Carpathia LLC / JP Carey Irrevocable Trust / Machiavelli LTD LLC / JPC Enterprises - Joseph Canouse - Jahoco LLC - James Canouse - Anvil Financial Management LLC - Jeffrey Canouse
Cereberus Finance Group Ltd / Service Trading Company LLC - Alberto Dayan
Chicago Venture Partners, LP / Iliad Research and Trading, LP / St. George Investments LLC / Tonaquint, Inc / Typenex Co-Investment LLC - John Fife - (sued by the SEC on September 3, 2020)
Concord Holding Group LLC / APG Capital Holdings LLC - Nochum Greenberg
Coventry Enterprises LLC / BNA Investment Capital LLC / Heritage Ventures Ltd - Jack Bodenstein
Crown Bridge Partners LLC - Seth Ahdoot
Crossover Capital Fund I LLC - Ken Lustig
DiamondRock LLC - Neil Rock
Eagle Equities LLC / Union Capital LLC - Yanky Borenstein
EMA Financial LLC - Felicia Preston
Emerald Coast Capital LLC - Spencer Payne
EROP Capital LLC - Vince Sballa
Essex Global Investment Group - Benjamin Conde
FireRock Capital Inc - Seth Fireman
FirstFire Global Opportunities Fund LLC - Eli Fireman + Seth Fireman
Fourth Man LLC - Edward Deese and Kenneth Hall
GHS Investments LLC / Panache Capital LLC - Mark Grober, Matthew L Schissler, and Sarfraz Hajee
Granite Global Value Investments Ltd - Tony Toffolon
GPL Ventures Inc / Black Bridge Capital - Alexander Dillon
GS Capital Partners LLC - Gabe Sayegh
Iconic Holdings LLC / Tangiers Global LLC / Tangiers Investment Group LLC - Michael Sobeck
JDF Capital Inc - John D Fierro (sued by the SEC on February 26, 2020)
Jefferson Street Capital LLC - Brain Goldberg
JMJ Financial - Justin Keener (sued by the SEC on March 24, 2020)
JSJ Investments Inc - Sameer Hirji
L2 Capital LLC / Oasis Capital LLC / Old Main Capital LLC - Adam Long
Labrys Fund LP - G Lane Murphy and Thomas John Silverman
Leonite Capital LLC - Avi Geller
LG Capital Funding LLC - Joseph Lerman
LGH Investments LLC - Lucas Hoppel
Livingston Asset Management / Oscelata Partners LLC / Tarpon Bay Partners LLC / Trillium Partners LLC - Stephen Hicks
M2B Funding Corp - Daniel Kordash
Magna Equities I Inc / Magna Management LLC / MEF I LP - Joshua Sason
Mammoth Corporation - Brad Hare
Mercer Street Opportunity Fund LLC - Jonathan Juchno - related entity: Mercer Street Capital Partner LLC
Microcap Equity Group LLC - Ibrahim Almagarby (sued by the SEC on November 17, 2017)
More Capital LLC - Mike Wruck
MorningView Financial LLC - Max Riccio
NorthBridge Financial LLC - Samuel Oshana
Odyssey Capital Funding LLC / One44 Capital LLC - Ahrom Fraiman
Optempus Investments LLC - Scott Sand (despite a 2011 SEC penny stock ban)
Osher Capital Partners LLC - Ari Kluger aka Yisroel Kluger
Peak One Opportunity Fund LP - Jason Goldstein
Platinum Point Capital LLC - Brian Freifeld
Power Up Lending Group Ltd / Geneva Roth Remark Holdings Inc / Vis Vires Group LLC - Curt Kramer
Quarum Holdings LLC - Dennis Ringer
RB Capital Partners Inc / Rosen Capital LLC - Brett Rosen
RedStart Holdings Corp / Geneva Roth Remark Holdings Inc - Gregg Solomon
Redwood Management LLC / RDW Capital LLC / Red Diamond Partners LLC - John DeNobile
River North Equity LLC - Edward M Liceaga
SBI Investments LLC (aka Sea Otter Global Ventures LLC) - Peter Wisniewski, Hammin Abdullah, and Jonathan Juchno - related entities: WHC Capital LLC
SpotFin Funding LLC - Sean Evan Wright
TCA Global Fund / TCA Fund Management Group - Robert Press (sued by the SEC on May 11, 2020 - now in Bankruptcy)
Tiger Trout Capital LLC - Alan Masley
TKF Investments LLC - Chad Friend
Tri-Bridge Ventures LLC - John Forsythe III
Vista Capital Investments LLC - David Clark
World Market Ventures LLC - Chad Curtis
Recent SEC Actions:
9/3/20 - John M Fife (Chicago Venture Partners, LP, Iliad Research and Trading, LP, St. George Investments LLC, Tonaquint Inc., and Typenex Co-Investment LLC - https://www.sec.gov/litigation/litreleases/2020/lr24886.htm
5/11/20 - TCA Global Fund - https://www.sec.gov/litigation/complaints/2020/comp-pr2020-110.pdf
3/24/20 - Justin W Keener (JMJ Financial) - https://www.sec.gov/litigation/litreleases/2020/lr24779.htm
2/26/20 - John D Feirro - (JDF Capital Inc) - https://www.sec.gov/litigation/litreleases/2020/lr24748.htm
2/19/29 - Joshua Sason (Magna Equities I Inc) - https://www.sec.gov/litigation/litreleases/2019/lr24403.htm
11/27/17 - Ibrahim Almagarby (Microcap Equity Group LLC) - https://www.sec.gov/litigation/litreleases/2017/lr23992.htm
The Attorneys:
Anthony LG - (Laura Anthony, Chad Friend, John Cacomanolis) - Auctus Fund LLC, Carebourn Capital LP, More Capital LLC, Crown Bridge Partners LLC, FirstFire Global Opportunties LLC, Power Up Lending/Vis Vires Group LLC, TKF Investments LLC, L2 Capital LLC, SBI Investments LLC/Sea Otter Global Ventures LLC, Labrys Fund LP, EMA Financial LLC, Peak One Opportunity Fund LP
Tomer Taj (New Venture Attorneys / Investors Counsel Attorneys PC) - LG Capital Funding LLC, Adar Bay LLC/Adar Alef LLC, GS Capital Partners LLC, Eagle Equities LLC/Union Capital LLC, JDF Capital Inc, Coventry Enterprises LLC/BNA Investment Capital LLC/Heritage Ventures Ltd, RY Capital LLC
Lucosky Brookman LLP - TCA Global Fund, BHP Capital NY Inc, Armada Capital Partners LLC, Jefferson Street Capital LLC,
Mattheau Stout - Livingston Asset Management/Oscelata Partners LLC/Trillium Partners LLC
We define the financing as "TOXIC" because:
1) Most of these Issuer have no ability or means of paying back the Notes, and the lender knows this before providing the funding, making these Notes predatory in nature.
2) The Notes come with interest rates that often increase through multiple instances of default that represent abusive lending practices and in some cases violations of usury laws.
3) The Notes often include fees disguised as service fees though no services are provided (for instance, the lender gets a $100,000 Note but only provides $75,000 in actual funding).
4) The Notes often contain clauses that dictate how the Issuer must conduct their business, which result in further penalties if not followed, arguably making the lender an insider.
5) The Notes often include default penalties if not repaid before the default date, even though the Issuer and lender both know the Issuer has no real means of paying back the loan in cash.
6) The Notes all contain toxic-dilutive terms for conversion of the Note into discounted free trading stock, often 50% - 60% or more below the lowest trading (or bid) price over the past 10 - 30 days.
In the end, a company borrowing $75,000 can result in a balance owed to the lender many times higher than the original Note ($150,000 - $400,000 or more) because of interest and fees, which, after being converted at a huge discount to the market price, ends up resulting in losses of $400,000 - $900,000 or more to retail shareholders.
BOY....
How are you not related to them?? Your brother owns them. 8/30/20 TRSI was inactive/dissolved and now your trying to bring current with NO ASSETS and NO REVENUE?? What is your next move.....get funding from 3 KINGS or will you get it from Henry and Stephen?? What ever happened to the more then 1.5 BILLION shares Machiavelli received from NECA?? Why have all of your BS companies funded the same 5 companies that OSCALETA & LIVINGSTON funded and then never reported the MILLIONS/BILLIONS of shares received
WELLINGTON V HYPERDYNAMICS
"Rosen has also been pumping ISWH and says that he met with them. I'm not sure if he has provided funding, but depending on what he talked about while meeting the ISWH management team, it sure makes you wonder if he is at risk of trading off of any insider information."
UPDATE: As promised, another $500,000 investment into $iswh made today (3/29/2021)! The funds have already been wired to @iswholdings making a total of $4,500,000 million invested by RB Capital since Feb 1st! #bitcoin #Crypto @bit5ive @ProcesoMining @deborahrachelb @elonmusk pic.twitter.com/OhJ2EZmlbF
— Brett Rosen (@BrettRosen325) March 29, 2021
Yorkville should definitely be on there along with Continuation Capital Paul Winkle
I see that there is a list of Toxic Funders in the iHub box (at the top).
Is there a reason that Yorkville Advisors (aka YA II PN, LTD) is not on the list?
Continuation Capital run by Paul Winkle, GARY KOMPOTHECRAS, Vincent Payne and Charles Cleland are the kings of toxic funding, they focus on 3a10 financings where they buy debt invoices, much of it from dubious origins (backdated, fake)
they then sue the company, and change the debt to immediate free trading stock at a huge discount to market and dump the stock. They take zero risk. Most toxic funders at least wait 6 months before they dump and allow the company to pay the debt back, Continuation Capital gets free trading stock immediately at huge discount to market and dumps. What is worse is they will do a 3a10 with the same company many times as part of a financing which is illegal. Out of all the funds they are hands down the worst. If they are in a deal watch out, the stock will tank!!!
http://continuecap.com/
Info@continuecap.com
WINKLE, PAUL
5903 WHITE PINE CIRCLE NE
ST PETERSBURG, FL
VINCENT PAYNE
1610 145TH ST, E
BRADENON, FL
GARY KOMPOTHECRAS
6910 POINT OF ROCKS
SARASOTA, FL
CHARLES CLELAND
2127 RINGLING BLVD, STE 104
SARASOTA, FL
Thank you, nodummy. I did notice Adar Bays LLC on the VIBI (Vilacto) board just before noontime today.
Your post sounds like a big "Buyer Beware" for newbies. Are you familiar with this long delinquent ticker?
https://ih.advfn.com/stock-market/USOTC/vilacto-bio-pk-VIBI/stock-news/84522398/statement-of-ownership-sc-13g
No sure if they buy up wrecked tickers and just flip them...or pump them full of toxic funds to refloat them.
VIBI hasn't filed fins since mid-2019, etc. Just radio silence. It seemed poised for the SEC to shut it down.
Would the sc 13g be to avoid SEC or a reaction to an SEC letter? Any thoughts on this? Janice, Renee?
Thank you and others for this board and the DD research board. Learned a lot from reading both of them.
All the best.
Fair enough, I'll just remove that one completely
thanks
dont know jgp, but i know the filing was in error as i pointed it out when i read it to the company
Thanks
Jahoco is your brother, James, and Anvil is your other brother, Jeffrey - I updated that in the ibox and will also change that in the sticky post next time I update it.
I know you all just play musical chairs with who will be the CEO and who will be the debt holders with your various public vehicles, and it's all one big happy family business, so I'll make sure Jeffrey and James get credit for their parts too.
Jefferson I know is owned by Brain Goldberg , but I found a filing crediting you with control, that's why I said maybe a connection:
https://backend.otcmarkets.com/otcapi/company/financial-report/217071/content
I'll remove the maybe the connection.
The same filing also says you control JGP Consulting.
Your brother, Jeffery, was the CEO when the debt was issued to JGP Consulting, so I just assumed the filing was correct about you being its control person.
Any idea who controls JGP Consulting?
Not related to Jefferson Street Capital, JGP, Anvil or Jahoco
Look into Optempus Investments LLC. Read my previous posts.
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